“Currently, the U.S. admits more than 1.5 million legal and illegal immigrants every year, with more than 70 percent coming to the country through the process known as “chain migration” whereby newly naturalized citizens can bring an UNLIMITED relatives to the U.S. In the next 20 years, the current U.S. legal immigration system is on track to import 15 million new foreign-born voters. Between 7 and 8 million of those foreign-born will arrive in the U.S. through chain migration.” JOHN BINDER

EVERY DAY THERE ARE 12 AMERICANS MURDERED BY LA RAZA AND 8
CHILDREN MOLESTED. THERE HAVE BEEN MORE THAN 2,000 CALIFORNIANS MURDERED BY LA
RAZA WHO THEN FLED BACK OVER OUR BORDERS TO AVOID PROSECUTION! REALLY WANT THE
DEMS’ AMNESTY AND OPEN BORDERS?

Illegals Committing Heinous Acts Against Children &
civilians in U.S.PDT

EXAMPLE #1 : • What sort of monster could murder three children in the most
brutal manner — one child was beheaded and the two other were nearly
decapitated. They also suffered a variety of injuries including blunt force
trauma and asphyxiation. The victims, residents of Baltimore, (l. to r.) were
siblings Alexis Quezada (10) and Lucero Quezada (9) and their cousin Ricardo
Espinoza (9). The two men arrested for the crime were also relatives: Policarpio
Espinoza, 22, brother of the father of the two siblings, and Espinoza's cousin
Adan Espinoza Canela, 17. The accused are illegal aliens as are the parents of
the murdered children. Apparently the arrests were based on DNA/blood evidence.

While
the Obama Administration halts deportations to work on its secret
amnesty
plan, hospitals across the U.S. are getting stuck with the exorbitant tab of medically
treating illegal immigrants and some are finally demanding compensation from
the federal government.

*

ROBERT RECTOR: THE STAGGERING COST OF
MEXICO’S INVASION, OCCUPATION AND EVER GROWING WELFARE STATE

America
faces a greater and more dangerous threat from within than from without. While
our armed forces secure Afghanistan and Iraq, our own borders stand unguarded
24 hours a day. Al-Qaeda insurgents plan their next attacks somewhere inside
our country. They advocate a violent overthrow of America.

We’ve got an even more
ominous enemy within our borders that promotes “Reconquista of Aztlan” or the
reconquest of California, Arizona, New Mexico and Texas into the country of
Mexico. With 9.2 million Mexicans now living in America, their goal of
colonizing our country back into Mexico moves forward. A more sobering reality
stems from the evidence that it’s Mexican-American citizens in the forefront of
this disintegration of our country.

SENS.
FEINSTEIN and BOXER, TWO OF THE MOST CORRUPT AND SELF-SERVING POLITICIANS IN
AMERICAN HISTORY HAVE THREE (3) TIMES ATTEMPTED A “SPECIAL AMNESTY” FOR 1.5
MILLION ILLEGAL FARM WORKERS DESPITE THE FACT THAT ONE-THIRD OF ALL FARM
WORKERS END UP ON WELFARE.

Jose Herria emigrated illegally from Mexico to Stockton, Calif., in 1997 to
work as a fruit picker. He brought with him his wife, Felipa, and three
children, 19, 12 and 8 -- all illegals. When Felipa gave birth to her fourth
child, daughter Flor, the family had what is referred to as an "anchor
baby" -- an American citizen by birth who provided the entire Silverio
clan a ticket to remain in the U.S. permanently.

“I’m not here to punish banks!”
Barack Obama in the faces of the American People his bankster donors looted –
State of the Union Message

“Records show that four out of
Obama's top five contributors are employees of financial industry giants -
Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and
Citigroup ($358,054).”

OBAMA’S WALL
STREET and the LOOTING of AMERICA – SECOND TERM

“The response of the
administration was to rush to the defense of the banks. Even before coming to
power, Obama expressed his unconditional support for the bailouts, which he
subsequently expanded. He assembled an administration dominated by the
interests of finance capital, symbolized by economic adviser Lawrence Summers
and Treasury Secretary Timothy Geithner.”

OBAMA’S WALL
STREET and the LOOTING of AMERICA – SECOND TERM

The corporate cash hoard has likewise
reached a new record, hitting an estimated $1.79 trillion in the fourth quarter
of last year, up from $1.77 trillion in the previous quarter. Instead of
investing the money, however, companies are using it to buy back their own
stock and pay out record dividends.

Arizona’s illegal immigrant population is costing the
state’s taxpayers even more than once thought -- a whopping $2.7 billion in
2009, according to researchers at the public interest group that helped write
the state's new immigration law. Researchers at
FAIR – The Federation for American Immigration Reform -- released data
exclusively to FoxNews.com that show a steady cost climb in multiple areas,
including incarceration, education and health, in the last five years.

*

FROM
THE MEX-OWNED NEW YORK TIMES – MOUTHPIECE FOR LA RAZA PROPAGANDA!

NOGALES, Ariz. — Flying low along the Mexican
line in a Black Hawk helicopter, the United States Border Patrol officer
saw surveillance towers rising above the cactus. He saw his agents’ white and
green trucks moving among the mesquite, scouting for illegal crossers.

Far overhead, a remotely guided drone beamed
images of the terrain to an intelligence center in Tucson. Pilots cruised in
reconnaissance planes carrying radars and infrared cameras that could
distinguish a migrant with a backpack from a wild animal from many miles away.

Sabri Dikman, the patrol’s executive officer
for this region, liked what he saw — and what he did not see. If any illegal
migrants were trying to make their way into the United States, he said, the
chances were very good that agents would find and detain them.

“We know what we’re dealing with and where we
are dealing with it,” Mr. Dikman said. “In some manner we have the capacity to
observe every part of the border of Arizona.”

As Congress
debates a broad overhaul of the immigration laws, including a pathway to
citizenship for 11 million illegal immigrants in the country, skeptical
lawmakers are asking if the Southwest border is secure enough to withstand any
new wave of illegal crossings that might be spurred by a legalization program,
or by new growth in the American economy.

Officers who guard the line say the border is
more secure in most places than they have ever known it. They say they are in a
strong position to hold off an illegal surge, and to show why they point to
Arizona, once the busiest and most contentious border battlefront. To the east,
in Texas, agents are still struggling to stop persistent migrants in hundreds
of miles of varying and penetrable terrain. But in Arizona, every available
measure shows steep declines in the number of people making it across, figures
that border agents say demonstrate what they can accomplish.

In Congress, many Republicans recall that an
amnesty in 1986, which was supposed to solve illegal migration, was followed by
an even larger unauthorized influx. A bipartisan group in the Senate is working
on a proposal that would require measurable gains in border security before
immigrants would be allowed to proceed onto a path to full citizenship.

But to border officials here, Congress seems
to be behind the times, failing to notice that they have already made many of
the enforcement advances that lawmakers are seeking. Since 2005, the number of
patrol agents in the Southwest has nearly doubled, to more than 18,000. Customs and
Border Protection, the parent agency of the Border Patrol, has built its
air wing to more than 260 aircraft. It acquired an array of technology,
including ground sensors and aerial detection devices developed by the Defense
Department in Iraq and Afghanistan, and created a military-style command
structure with expanded intelligence operations to coordinate agents on the
ground.

While tightening the border, officials also
created a system of penalties for those who get past it, making it far more
likely that migrants who were caught would be jailed, prosecuted as criminals,
or expelled from the country far from the place where they tried to enter.

Border officers, once a beleaguered force
overwhelmed by illegal flows, have acquired a bit of swagger.

“It’s all of these things coming together
that have really given us the capability to bring the border to a level of
security that is, in my opinion, unprecedented,” said David V. Aguilar, the
agency’s commissioner, who will retire this month after 34 years on the borders.
“We haven’t seen this lack of activity in 25, 30 years,” he said.

In Arizona in 2005, more than 577,000
apprehensions were made of migrants crossing illegally, a surge that sparked a
political furor in the state. Border officials declared that they would make a
“last stand” here.

Last year in Arizona, the apprehensions (an
imperfect but still useful indicator of unauthorized flows) dropped to 126,500,
a 78 percent decline from 2005, a sharper decrease than seen elsewhere along
the border. The recession in this country and drug-trafficking violence in Mexico also contributed to
the falloff, here and along the length of the border. But in 2005, about half
of all apprehensions in the Southwest were made in Arizona. Today, it is closer
to one-third, with the largest share now shifted to Texas.

Mr. Dikman remembers the bad old days, when
the agents’ rule of thumb was to open a formal deportation only after an
illegal crosser had been caught and expelled to Mexico 18 times.

Now, Customs and Border Protection is
adjusting its strategies to the reality of greatly reduced numbers, but more
troublesome adversaries.

Jeffrey Self, the commander of the agency’s
Joint Field Command for Arizona, based in Tucson, said migrants rarely try to
cross these days without hiring a coyote, or smuggler, and those guides are
generally linked to narcotics organizations in Mexico.

“It’s pretty much all organized smuggling at
this point and it’s pretty much all controlled by the transnational criminal
organizations that operate over there,” Mr. Self said.

Border officials worry there may not be much
more they can do with enforcement alone to further reduce illegal crossings and
sharpen the focus of their operations on criminal threats, without other
changes in the immigration equation.

“If this country has a continued demand for
labor by way of our market economy,” said Mr. Aguilar, the commissioner, “you
have a baseline draw for illegal immigrants.”

He said if Washington created more legal
channels for migrants who want to come to this country primarily to work, it
could significantly cut the numbers of people trying to pass illegally, freeing
border officers to pursue traffickers and other criminals.

“Now that would be a tremendous force
multiplier,” Mr. Aguilar said. Lawmakers are considering proposals for some
form of temporary guest worker program, and also measures to give legal status
particularly to migrant farmworkers.

Officials said border gains could also be
affected if Congress imposed deep budget cuts. Last week Mr. Aguilar announced
the beginning of 14-day furloughs for his agency’s employees under the sequester.

Twin Cities

Here in Nogales, a laid-back border town that
surrounds the largest port of entry in Arizona, Border Patrol vehicles drive
freely along the dirt road along an 18-foot barrier of metal poles that divides
the American city from its Mexican twin, also called Nogales. Until recently,
agents had to keep a distance. But Leslie Lawson, the top Border Patrol agent
in Nogales, Ariz., said the barrier was an example of a small tweak that made a
big difference.

A lower fence built in the 1990s had been
covered with mats to prevent Mexicans from seeing through. Smugglers would send
people or narcotics over the fence, then hurl rocks at agents from hills on the
Mexican side while the migrants slipped away into nearby gulches. In 2011, Ms.
Lawson’s sector had more rock assaults on agents than any other in the country
— 170 in all.

Last year three miles of the old fence was
replaced with the poles, set just far enough apart to see through. Agents can
spot migrants before they approach it. Rock assaults are down 60 percent.

“Every day the smugglers will change their
tactics,” Ms. Lawson said. “They are always watching us. So we are always
changing our tactics.”

With tighter security along the line, more
undocumented foreigners are trying to come through the border station. But
recent changes have made it more difficult for smugglers to pass their clients
with forged papers. Instead, officials said, smugglers rent out valid United
States documents, and encourage their clients to make themselves look as much
as possible like the people in the photographs.

One day in late February, an elderly Mexican
woman and a Mexican farmworker were stopped at the Nogales crossing after they
presented documents that were legitimate but did not belong to them.

A sharp-eyed customs inspector at the
pedestrian walkway also singled out an 18-year-old Mexican girl who had a valid
border crossing card but also a nervous twitch. A pat-down revealed that the
teenager, Selena Andrea Perez Cruz, had stashed nearly a pound of heroin in her
bra.

Ms. Perez Cruz was turned over to federal
authorities in Arizona for narcotics prosecution. But officers were not done
with the other Mexicans either. Part of the Customs and Border Protection
strategy is to ensure that almost all migrants who are detained face a penalty
on this side before being deported — what officers call their consequence
delivery system. Commander Self said some penalty was applied to at least 90
percent of illegal migrants apprehended at the state’s border.

In a holding cell, the Mexican grandmother,
who said she had hoped to reunite with relatives in Arizona, was formally
booked. Her record would remain in federal databases after she was expelled. If
she was ever caught trying to enter the United States illegally again, she
could face felony charges and months, if not years, in prison.

Other forlorn Mexicans stopped in Arizona
were waiting to be deported through a transfer program, another one of the
consequences. They would be taken by bus three days east and expelled at Del
Rio, Tex.

Officers use the transfers “to break that
smuggling cycle, to separate the smuggled aliens from the smugglers and the
guides,” Commander Self explained.

Some migrants detained in Nogales would be
turned over, under a consequence program called Operation Streamline, for
criminal prosecution. In Yuma, which has applied the program for six years to
virtually every illegal crosser, the fast-track cases have clogged the federal
courts and drawn a host of complaints from legal rights groups.

But their impact is unmistakable. In 2005,
more than 138,000 apprehensions were recorded in Yuma. By last year, the number
had decreased to 6,500, a decline of 95 percent. Since authorities began to
apply the consequence system five years ago across the southwest border, the
numbers of deportees who try to cross again within a year has consistently
declined.

Measures of Change

One defender in Nogales of the border
agency’s progress is the mayor, Arturo Garino. He says his city has become one
of the safest in Arizona, with one murder in the past six years.

“We used to have street chases all the time,”
he said in an interview in City Hall. “Now all those things are gone, something
you don’t even hear about.” He said lawmakers in distant Washington should
concentrate on fixing the immigration system.

“I don’t care how many more Border Patrol you
have,” Mr. Garino said. “You can’t secure this border any more than it is right
now, and that is a fact. Do we want to line them up, hand in hand, all the way
to Texas?”

Beyond urban areas, however, control is
spottier. Ranchers close to the border report that they often see migrants on
their property, and they do not feel safe.

But added staff and technology have greatly
expanded what Customs and Border Protection officers call their situational
awareness. On a wall of video screens in his command center in Tucson,
Commander Self can summon aerial images of vast swaths of borderland. Thousands
of agents are patrolling in vehicles, on all-terrain vehicles and on horseback.
When incidents arise, the closest ones can be quickly dispatched.

But greater efficiency has exacted a human
toll. Migrants have been pushed ever farther toward the rock faces and remote
valleys of the border’s most deadly landscape. Migrants pay smugglers higher
fees, but with security tight, the coyotes no longer feel any obligation to
finish the job of guiding them to the United States.

According to data compiled by The Arizona
Daily Star, last year 172 bodies were found in the state’s border desert.

In late February, on a mountain flank west of
the border outpost of Sasabe, 19 migrants tried to slip past the Border
Patrol’s deployment. A rare blizzard had brought a biting freeze, frosting the
saguaro cactuses with snow. With only light jackets and plastic ponchos, the
men, from Mexico, Honduras and Guatemala, spent three nights in the cold while
their hired coyotes searched for an opening between agents on horseback and
surveillance planes overhead.

On the fourth morning, inside United States
territory, the men arose to discover that their guides had fled.

Utterly lost, they chose to turn back. After
another six hours wandering through cactus brush into Mexico, they happened
upon a Mexican government rescue group. The men were mute with hunger and
thirst.

After a gulp of water, Helio León Reyes, 31,
a Mexican from the state of Guerrero, began to cry. The cold, he said in
Spanish, “was too much to bear.” His feet were still stiff with cramps, and his
money was lost to the smugglers.

Mr. León said he had hoped to make it to New
York, where a brother lives. But he decided on that day that his trip to the
United States was over. He would go back to his wife and children. “This is too
complicated,” he said.

Robert Gebeloff contributed reporting from New York.

*

AMERICANS
(LEGALS) HAND THEIR JOBS OVER TO ILLEGALS USING STOLEN SOCIAL SECURITY NUMBERS,
PAY FOR THE ANCHOR BABY BREEDING = 18 YEARS OF WELFARE, AND CRIME TIDAL WAVE…
but have NO vote in amnesty?

BUT THE DEMS
ARE REALLY NOT CONCERNED ABOUT AMNESTY PASSING AS OBAMA WILL CONTINUE
NON-ENFORCEMENT UNTIL THERE ARE SO MANY ILLEGALS VOTING… THEY WILL VOTE THE
HISPANDERER FOR A THIRD TERM!

“I’m not here to punish banks!”
Barack Obama in the faces of the American People his bankster donors looted –
State of the Union Message

“Records show that four out of
Obama's top five contributors are employees of financial industry giants -
Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and
Citigroup ($358,054).”

*

THE MEXICAN
FASCIST PARTY of LA RAZA IS FUNDED BY BARACK OBAMA WITH AMERICAN TAX DOLLARS
AND OPERATES OUT OF THE WHITE HOUSE UNDER OBAMA APPOINTEE CECILIA MUNOZ

It proves the Obama administration is willing to go to any extent
- including gaming the courts - to continue stonewalling the full story of its
lawless release of illegal aliens. Now, with the prison floodgates being thrown
open to illegal aliens under the phony pretense of abiding by sequester cuts,
it is more important that details of this threat to the public safety be
revealed.

“The response of the
administration was to rush to the defense of the banks. Even before coming to
power, Obama expressed his unconditional support for the bailouts, which he
subsequently expanded. He assembled an administration dominated by the
interests of finance capital, symbolized by economic adviser Lawrence Summers
and Treasury Secretary Timothy Geithner.”

OBAMA’S WALL
STREET and the LOOTING of AMERICA – SECOND TERM

The corporate cash hoard has likewise
reached a new record, hitting an estimated $1.79 trillion in the fourth quarter
of last year, up from $1.77 trillion in the previous quarter. Instead of
investing the money, however, companies are using it to buy back their own
stock and pay out record dividends.

"There
is a populist and conservative revolt against Wall Street and financial elites,
Congress and government," Democratic pollster Stanley Greenberg warned in
an analysis this week. "Democrats and President Obama are seen as more
interested in bailing out Wall Street than helping Main Street."

OBAMA, THE BANKSTER OWNED LA RAZA
DEM

“The response of the
administration was to rush to the defense of the banks. Even before coming to
power, Obama expressed his unconditional support for the bailouts, which he
subsequently expanded. He assembled an administration dominated by the
interests of finance capital, symbolized by economic adviser Lawrence Summers
and Treasury Secretary Timothy Geithner.”

“I’m not here to punish banks!”
Barack Obama in the faces of the American People his bankster donors looted –
State of the Union Message

“Records show that four out of
Obama's top five contributors are employees of financial industry giants -
Goldman Sachs ($571,330), UBS AG ($364,806), JPMorgan Chase ($362,207) and
Citigroup ($358,054).”

Nowhere in the US is the unemployment
crisis more severe than in Detroit and its metropolitan area in Southeast
Michigan. Once the hub of the US auto industry and home to some of the best
working class jobs, Detroit is now the poorest big city in America.

As the winter months approach, Detroit
residents face a desperate situation—continued mass unemployment, the cutoff of
extended federal benefits, the ever-present danger of having their utilities
shut off or their homes seized. Whatever jobs are available pay poverty-level
wages, hardly adequate to keep food on the table.

The unemployment rate in the
metropolitan area is 13.4 percent, down two percentage points in one year.
However, this decline is largely attributable to the long-term unemployed
falling out of the workforce. The real unemployment rate may be 20 percent or
higher. In Detroit proper, real unemployment—including those involuntarily
working part time and those who have given up all hope of finding work—is
estimated at 50 percent.

By refusing to extend unemployment
benefits, Congress and the Obama administration are condemning the population
of cities like Detroit to mass impoverishment.

Reporters from the World Socialist
Web Site recently went to an office of the Michigan Bureau of Workers’ and
Unemployment Compensation to speak to workers about the consequences for
themselves and their families.

The unemployment center

The office is located, with historical
irony, in the old headquarters of General Motors, once the biggest private
employer in the world. The expansive size of the building, Cadillac Plaza—once
the largest single-occupant office building in the world—and its vaulted
ceilings and marble, granite, and limestone construction, stand in sharp
contrast to its present purpose. In addition to the office for unemployment,
the building holds a state lottery claims center and other state offices.

The benefits office was busy; there
were perhaps 150 workers waiting in line for assistance. However, this is still
a small fraction of the unemployed in Detroit. Most claims and filings now
happen on-line or by telephone.

All sorts of obstacles are set up to
keep workers from accessing unemployment benefits. There are strict
requirements related to the length of steady employment prior to being
unemployed. Workers are also required to prove they are actively seeking
employment. If benefits can be secured, they are kept low as a punitive means
of “encouraging” the unemployed to seek work. In Michigan, weekly benefits are
low even relative to the rest of the country and are generally equivalent to
the levels prevailing in the Deep South.

Nikita Johnson and husband Sylvester Strickland

The WSWS spoke to Nikita Johnson and
her husband Sylvester Strikland. Nikita lost her job in October 2010 following
an injury. She worked as a medical technician in an apartment complex for
senior citizens. Despite her recovery, the company refused to hire her back.

Nikita said she understood what the
long-term unemployed were going through. “I feel that it is wrong to cut off
the extension,” stated Nikita. “Even though they were given extensions, they
still need the income. What is going to happen if they are cut off? Many of
those people will lose their homes and become homeless. A lot of people will
lose their families. They don’t understand that people wouldn’t be asking for
it if they didn’t need it. It’s like they don’t care.”

Nikita said that a lot of the jobs
these days are paying $7, $8 maybe $10 an hour without benefits, and people
just can’t live on it.

Sylvester, self-employed as a mechanic,
said working people face a terrible jobs situation. “This government should be
ashamed,” stated Sylvester. “If they cut off people, and we are talking about 2
million people, what are they going to do for money? It’s going to be a bad
situation for everybody.”

“A lot of people are doing whatever
they can to get by,” Sylvester continued. “Some people are becoming
self-employed like what I am doing. You just can’t find a job.”

Looking at his wife and child with him
at the center, Sylvester said, “I know a lot of people are moving in with their
families. It is not unusual now to have three families living in the same house
hoping that someone is going to get a job.”

Sylvester said he is convinced that the
census count in Detroit is skewed because of the number of people living
together.

“A lot of people are living with
illegal utility hookups, and with ten or more people in a house. It’s tough,
but what are people supposed to do?”

Eric Quick is unemployed with children.
He is not eligible for benefits because he has been out of work for too long.
The decision to allow unemployment benefits to expire is “just going to run the
crime rate up,” Quick said. “People are going to steal, rob, and kill to try
feed themselves and their families.”

“Not too much has changed with Obama,”
Quick said. “Nothing has changed for the poor. Maybe things are better for the
rich.”

Levon

Levon has been out of work for a year
since being laid off from the Thompson Group, a Detroit-area manufacturer. He
now gets $300 every two weeks in benefits, with two kids to support.

“There are no jobs. When I put in
applications, they say I’m either not qualified or over-qualified,” Levon said.
“You have to work to live, and then they want to deprive you of your work.”

“You get into the situation that you
can’t afford your heat and gas, you’re not sleeping at night because of the
cold, and you’re not eating square meals.”

Levon asked the WSWS about the Wall
Street bailout. “What’s going on with all the money the banks have been
issued?” he asked. “Why aren’t they issuing that money to people?”

Jose

Jose is an out-of-work construction
worker, born in Mexico. “There are no jobs. I did asphalt construction, but
it’s over,” he said. “I’m hoping that in the spring jobs will come back.
Somebody’s got to pay the bills”

Francisco, 31, has been laid off from a
landscaping job for seven months. He gets checks every other week for $400. He
must support three kids on that income, plus the money his girlfriend earns as
a nurse. Francisco hopes to get a job with a friend clearing snow for the
winter. He is also considering moving out of Detroit to the suburb of
Southfield because he believes insurance will be cheaper.

Francisco is angry that funding for the
jobless benefit extension was ended, even as Congress works on extending tax
cuts for rich. “That’s what I hate,” he said. “They always look out for the
rich people.”

“Obama hasn’t done anything,” he
continued. “The only thing he’s done is take us to war. He’s no different than
any other president we’ve had.”

Francisco

“I got arrested and put in prison when
I was 18. I was young and dumb. That was 12 years ago, and I can’t get a job
because I was a convict. But I was only 18. I’ve tried everything. Nobody’s
hiring.”

Francisco says he knows many households
that live without utilities. Some of them make “little bonfires” inside their
houses to keep warm on cold days, he says. “One of my girlfriend’s friends just
got her gas cut off for being $2 short on a bill. She owed $117 and she
accidentally sent in $115, so they cut the gas and lights.” He worries about
“innocent little kids dying in house fires because they’re in homes without
heat or lights.”

*

THE LOOTING OF AMERICA

POVERTY RISES AS WALL ST. BILLIONAIRES WHINE!

These guys profited from puffing up the housing bubble, then got bailed out
when the going got tough. (Please see The Looting of America for all the gory details.)
Without taxpayer largess, these hedge fund honchos would be flat broke.
Instead, they're back to hauling in obscene profits.

These billionaires don't even have to worry about serious financial reforms.
The paltry legislation that squeaked through Congress did nothing to end too
big and too interconnected to fail. In fact, the biggest firms got even bigger
as they gobbled up troubled banks, with the generous support of the federal
government. No bank or hedge fund was broken up. Nobody was forced to pay a
financial transaction tax. None of the big boys had a cap placed on their
astronomical wealth. No one's paying reparations for wrecking the US economy.
The big bankers are still free to create and trade the very derivatives that
catapulted us into this global crisis. You'd think the billionaires would be
praying on the altar of government and erecting statues on Capital Hill in
honor of St. Bailout.

*

While 43.6 million Americans live in poverty, the richest men of finance
sure are getting pissy. First Steve Schwartzman, head of the Blackrock private equity
company, compares the Obama administration's effort to close billionaires' tax
loopholes to "the Nazi invasion of Poland." Then hedge fund mogul David Loeb announces that he's abandoning the Democrats
because they're violating "this country's core founding principles"
-- including "non-punitive taxation, Constitutionally-guaranteed
protections against persecution of the minority, and an inexorable right of
self-determination." Instead of showing their outrage about the spread of
poverty in the richest nation on Earth, the super-rich want us to pity them?

Why are Wall Street's billionaires so whiny?Is
it really possible to make $900,000 an hour (not a typo -- that's what the top
ten hedge fund managers take in), and still feel aggrieved about the way
government is treating you? After you've been bailed out by the federal
government to the tune of $10 trillion (also not a typo) in loans, asset swaps,
liquidity and other guarantees, can you really still feel like an oppressed
minority?

You'd think the Wall Street moguls would be thankful. Not just thankful --
down on their knees kissing the ground taxpayers walk on and hollering
hallelujah at the top of their lungs! These guys profited from puffing up the
housing bubble, then got bailed out when the going got tough. (Please see The Looting of America for all the gory details.)
Without taxpayer largess, these hedge fund honchos would be flat broke.
Instead, they're back to hauling in obscene profits.

These billionaires don't even have to worry about serious financial reforms.
The paltry legislation that squeaked through Congress did nothing to end too
big and too interconnected to fail. In fact, the biggest firms got even bigger
as they gobbled up troubled banks, with the generous support of the federal
government. No bank or hedge fund was broken up. Nobody was forced to pay a
financial transaction tax. None of the big boys had a cap placed on their
astronomical wealth. No one's paying reparations for wrecking the US economy.
The big bankers are still free to create and trade the very derivatives that
catapulted us into this global crisis. You'd think the billionaires would be
praying on the altar of government and erecting statues on Capital Hill in
honor of St. Bailout.

Instead, standing before us are these troubled souls, haunted by visions of
persecution. Why?

The world changed. Before the bubble burst, these people walked
on water. Their billions proved that they were the best
and the brightest -- not just captains of the financial universe, but global
elites who had earned a place in history. They donated serious money to worthy
causes -- and political campaigns. No one wanted to mess with them.

But then came the crash. And the things changed for the big guys -- not so
much financially as spiritually. Plebeians, including me, are asking pointed
questions and sometimes even being heard, both on the Internet and in the
mainstream media. For the first time in a generation, the public wants to know
more about these emperors and their new clothes. For instance:

• What do these guys actually do that earns them such wealth?
• Is what they do productive and useful for society? Is there any connection
between what they earn and what they produce for society?
• Did they help cause the crash?
• Did these billionaires benefit from the bailouts? If so, how much?
• Are they exacerbating the current unemployment and poverty crisis with their
shenanigans?
• Why shouldn't we eliminate their tax loopholes (like carried interest)?
• Should their sky-high incomes be taxed at the same levels as during the
Eisenhower years?
• Can we create the millions of jobs we need if the billionaires continue to
skim off so much of our nation's wealth??
• Should we curb their wealth and political influence?

How dare we ask such questions! How dare we consider targeting
them for special taxes? How dare we even think about redistributing THEIR
incomes... even if at the moment much of their money comes directly from our
bailouts and tax breaks?

It's true that the billionaires live in a hermetically sealed world. But
that doesn't mean they don't notice the riffraff nipping at their heels. And
they don't like it much. So they've gotten busy doing what billionaires do
best: using their money to shield themselves. They're digging into their
bottomless war chests, tapping their vast connections and using their
considerable influence to shift the debate away from them and towards the rest
of us.

We borrowed too much, not them. We get too much health care, not them.
We retire too soon, not them. We need to tighten our belts while they pull in
another $900,000 an hour. And if we want to cure poverty, we need to get the
government to leave Wall Street alone. Sadly, their counter-offensive is
starting to take hold.

How can this happen? Many Americans want to relate to billionaires. They
believe that all of us are entitled to make as much as we can, pretty much by
any means necessary. After all, maybe someday you or I will strike it rich. And
when we do, we sure don't want government regulators or the taxman coming
around!

Billionaires are symbols of American individual prowess and
virility. And if we try to hold them back or slow them
down, we're on the road to tyranny. Okay, the game is rigged in their favor.
Okay, they got bailed out while the rest of us didn't -- especially the 29
million people who are jobless or forced into part-time work. But what matters
most is that in America, nothing can interfere with individual money-making.
That only a few of us actually make it into the big-time isn't a bad thing:
It's what makes being rich so special. So beware: If we enact even the mildest
of measures to rein in Wall Street billionaires, we're on the path to becoming
North Korea.

Unfortunately, if we don't adjust our attitudes, we can expect continued
high levels of unemployment and more people pushed below the poverty line. It's
not clear that our economy will ever recover as long as the Wall Street
billionaires keep siphoning off so much of our wealth. How can we create jobs
for the many while the few are walking off with $900,000 an hour with almost no
new jobs to show for it? In the old days, even robber barons built industries
that employed people -- steel, oil, railroads. Now the robber barons build
palaces out of fantasy finance. We can keep coddling our financial billionaires
and let our economy spiral down, or we can make them pay their fair share so we
can create real jobs. These guys crashed the economy, they killed billions of
jobs, and now they're cashing in on our bailout. They owe us. They owe the
unemployed. They owe the poor.

Dwight D. Eisenhower was no radical, but he accepted the reality: If America
was going to prosper -- and pay for its costly Cold War -- the super-rich would
have to pony up. It was common knowledge that when the rich grew too wealthy,
they used their excess incomes to speculate. In the 1950s, memories of the
Great Depression loomed large, and people knew that a skewed distribution of
income only fueled speculative booms and disastrous busts. On Ike's watch, the
effective marginal tax rate for those earning over $3 million (in today's
dollars) was over 70 percent. The super-rich paid. As a nation we respected
that other important American value: advancing the common good.

For the last thirty years we've been told that making as much as
you can is just another way of advancing the common good.
But the Great Recession erased that equation: The Wall Streeters who made as
much as they could undermined the common good. It's time to balance the scales.
This isn't just redistribution of income in pursuit of some egalitarian utopia.
It's a way to use public policy to reattach billionaires to the common good.

It's time to take Eisenhower's cue and redeploy the excessive wealth Wall
Street's high rollers have accumulated. If we leave it in their hands, they'll
keep using it to construct speculative financial casinos. Instead, we could use
that money to build a stronger, more prosperous nation. We could provide our
people with free higher education at all our public colleges and universities
-- just like we did for WWII vets under the GI Bill of Rights (a program that
returned seven dollars in GDP for every dollar invested). We could fund a green
energy Manhattan Project to wean us from fossil fuels. An added bonus: If we
siphon some of the money off Wall Street, some of our brightest college
graduates might even be attracted not to high finance but to jobs in science,
education and healthcare, where we need them.

Of course, this pursuit of the common good won't be easy for the
billionaires (and those who indentify with them.). But there's just no
alternative for this oppressed minority: They're going to have to learn to live
on less than $900,000 an hour.

Obamanomics:
How Barack Obama Is Bankrupting You and Enriching His Wall Street Friends,
Corporate Lobbyists, and Union Bosses

BY TIMOTHY P
CARNEY

Editorial Reviews

Obama Is Making
You Poorer—But Who’s Getting Rich?

Goldman
Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack
Obama was supposed to chase from the temple—are profiting handsomely from
Obama’s Big Government policies that crush taxpayers, small businesses, and
consumers. In Obamanomics, investigative reporter Timothy P. Carney digs
up the dirt the mainstream media ignores and the White House wishes you
wouldn’t see. Rather than Hope and Change, Obama is delivering corporate
socialism to America, all while claiming he’s battling corporate America. It’s
corporate welfare and regulatory robbery—it’s Obamanomics.

Congressman
Ron Paul says, “Every libertarian and free-market conservative needs to read Obamanomics.”
And Johan Goldberg, columnist and bestselling author says, “Obamanomics
is conservative muckraking at its best and an indispensable field guide to the
Obama years.”

If
you’ve wondered what’s happening to America, as the federal government swallows
up the financial sector, the auto industry, and healthcare, and enacts deficit
exploding “stimulus packages,” this book makes it all clear—it’s a big scam.
Ultimately, Obamanomics boils down to this: every time government gets bigger,
somebody’s getting rich, and those somebodies are friends of Barack. This book
names the names—and it will make your blood boil.

*

Obama Is Making You Poorer—But Who’s Getting Rich?

Goldman
Sachs, GE, Pfizer, the United Auto Workers—the same “special interests” Barack
Obama was supposed to chase from the temple—are profiting handsomely from
Obama’s Big Government policies that crush taxpayers, small businesses, and
consumers.

Investigative
reporter Timothy P. Carney digs up the dirt the mainstream media ignores and
the White House wishes you wouldn’t see. Rather than Hope and Change, Obama is
delivering corporate socialism to America, all while claiming he’s battling
corporate America. It’s corporate welfare and regulatory robbery—it’s
Obamanomics. In this explosive book, Carney reveals:

* The
Great Health Care Scam—Obama’s backroom deals with drug companies spell
corporate profits and more government control
* The Global Warming Hoax—Obama has bought off industries with a pork-filled
bill that will drain your wallet for Al Gore’s agenda
* Obama and Wall Street—“Change” means more bailouts and a heavy Goldman Sachs
presence in the West Wing (including Rahm Emanuel)
* Stimulating K Street—The largest spending bill in history gave pork to the
well-connected and created a feeding frenzy for lobbyists
* How the GOP needs to change its tune—drastically—to battle Obamanomics

If
you’ve wondered what’s happening to our country, as the federal government
swallows up the financial sector, the auto industry, and healthcare, and enacts
deficit exploding “stimulus packages” that create make-work government jobs,
this book makes it all clear—it’s a big scam. Ultimately, Obamanomics boils
down to this: every time government gets bigger, somebody’s getting rich, and
those somebodies are friends of Barack. This book names the names—and it will make
your blood boil.

*Praise for Obamanomics

“The
notion that ‘big business’ is on the side of the free market is one of
progressivism’s most valuable myths. It allows them to demonize corporations by
day and get in bed with them by night. Obamanomics is conservative
muckraking at its best. It reveals how President Obama is exploiting the big
business mythology to undermine the free market and stick it to entrepreneurs,
taxpayers, and consumers. It’s an indispensable field guide to the Obama
years.”
—Jonha Goldberg, LA Times columnist and best-selling author

“‘Every
time government gets bigger, somebody’s getting rich.’ With this astute
observation, Tim Carney begins his task of laying bare the Obama
administration’s corporatist governing strategy, hidden behind the president’s
populist veneer. This meticulously researched book is a must-read for anyone
who wants to understand how Washington really works.”
—David Freddoso, best-selling author of The Case Against Barack Obama

“Every
libertarian and free-market conservative who still believes that large
corporations are trusted allies in the battle for economic liberty needs to
read this book, as does every well-meaning liberal who believes that expansions
of the welfare-regulatory state are done to benefit the common people.”
—Congressman Ron Paul

“It’s
understandable for critics to condemn President Obama for his ‘socialism.’ But
as Tim Carney shows, the real situation is at once more subtle and more
sinister. Obamanomics favors big business while disproportionately punishing
everyone else. So-called progressives are too clueless to notice, as usual,
which is why we have Tim Carney and this book.”
—Thomas E. Woods, Jr., best-selling author of Meltdown and The
Politically Incorrect Guide™ to American History

*

·Hardcover: 256 pages

·Publisher: Regnery Press (November 30,
2009)

·Language: English

·ISBN-10: 1596986123

·ISBN-13: 978-1596986121

*

OBAMA,
THE BANKSTER OWNED LA RAZA DEM

“The response of the administration was to rush to the
defense of the banks. Even before coming to power, Obama expressed his
unconditional support for the bailouts, which he subsequently expanded. He
assembled an administration dominated by the interests of finance capital,
symbolized by economic adviser Lawrence Summers and Treasury Secretary Timothy
Geithner.”

*

THE
REASON OBAMA BROUGHT IN GEITHNER, BUSH’S ARCHITECT FOR BANKSTERS’ WELFARE, WAS
TO SIGNAL HIS BANKSTER DONORS THERE WOULD BE NO CHANGE!

“Rattner’s evident involvement in the scheme underscores the
criminal character of the Wall Street financiers who the Obama administration
put in charge of destroying the jobs and living standards of auto workers.
Selected by Timothy Geithner and Lawrence Summers—who were both deeply involved
in the deregulation of the finance industry and the Wall Street bailout”

Here’s
what Obama did for GM and against the workers:

The crisis in the auto
industry—provoked by the 2008 financial breakdown and the plunge in auto sales
to the lowest per-capita rate since World War II—was used by Wall Street and
the US government to destroy jobs and wages and transform the industry into a
lucrative investment for the same speculators who provoked the catastrophe.

*

WSWS.org….. get on their free no ads E-NEWS!

*

A union-free America. Growth down a little, employment down
a lot. Profits and productivity up, wages flat. Health-care costs up for
workers, down for employers. The return of a thriving middle class? Dream on.

After
the elections: Behind the Democratic debacle

4
November 2010

Only a day after the midterm elections,
the US media quickly coalesced around a narrative, accepted by everyone in the
political establishment, that the victory of the Republican Party was a popular
repudiation of the supposedly left-wing policies of the Obama administration.
In his press conference on Wednesday, Obama himself adopted this analysis,
pledging to work closely with the Republican Party, find some compromise on tax
cuts for the wealthy, and improve his relations with corporate America.

Underlying this claim are two premises,
both of which are false: 1) that Obama has carried out an anti-corporate
program during his first two years; and 2) that the population as a whole has
used the election to give a rousing affirmation of capitalism and big business.
These premises are not only absurd, they clash with the basic facts.

In the flood of political commentary,
no one in the mainstream media has suggested a far more plausible explanation:
After coming to power by posing as the tribune of “hope” and "change you
can believe in," Obama, through his pro-corporate and pro-war policies,
has succeeded in alienating and politically demoralizing large sections of the
population that had voted for him.

The event that secured Obama's election
was the spectacular collapse of Wall Street in September of 2008, which
shattered whatever was left of the credibility of the Bush administration and
deeply discredited the capitalist system itself. Obama came into office with an
overwhelming mandate for radical reform.

The response of the administration was to rush to the
defense of the banks. Even before coming to power, Obama expressed his
unconditional support for the bailouts, which he subsequently expanded. He assembled
an administration dominated by the interests of finance capital, symbolized by
economic adviser Lawrence Summers and Treasury Secretary Timothy Geithner.

The administration opposed any
constraints on executive compensation and rejected out of hand sanctions
against or the prosecution of those responsible for the economic catastrophe.
Over the past two years, the wealthiest individuals have vastly expanded their
share of the national income and the largest banks are expected to hand out
record compensation packages.

The economic crisis has led to a jobs crisis unlike anything
seen since the Great Depression. The administration has rejected any government
hiring programs. Throughout the crisis, Obama has endlessly repeated the claim
that employment levels are a “lagging indicator.”

After bailing out Wall Street, Obama oversaw the forced
bankruptcy of General Motors and Chrysler, demanding that workers accept deep
cuts in jobs, wages and benefits. As a result, profits for the auto giants have
soared while the assault on auto workers’ wages has become the model for
wage-cutting in every economic sector and in every part of the country.

The consequences can be seen in the
collapse of support for the Democratic Party in the industrial Midwest, the
site of half the seats lost by Democrats in the House of Representatives. In
Michigan, a center of the auto industry, the Republicans swept state and local
offices, amid a turnout of only 45 percent. In Detroit, which had voted for
Obama overwhelmingly in 2008, barely one in five voters showed up at the polls.

The principal domestic program for which Obama is associated
is the overhaul of the health care system. The bill was entirely tailored to
the interests of insurance companies and giant corporations. For the sake of “bipartisanship,” Obama abandoned anything
that hinted of progressive reform, including the “public option.” Elderly
voters, in particular, quite correctly saw the entire measure as a step toward
cutting Medicare benefits and rationing care, resulting in a significant
electoral swing to the Republican Party, which recorded an 18 percent advantage
among voters over 60.